BHP (ASX:BHP) announced financial results for the quarter ended 30 September 2022.

We continued to deliver safe and reliable operational performance during the quarter.

All production and unit cost guidance remains unchanged for the 2023 financial year.

Jansen Stage 1 is tracking to plan, with civil and mechanical construction activities progressing at the Jansen site and at the port. We are targeting Jansen Stage 1 first production in the 2026 calendar year and have accelerated the Jansen Stage 2 study.

BHP announced the signing of a large-scale renewable Power Purchase Agreement (PPA) with Alinta Energy, which is expected to halve greenhouse gas (GHG) emissions from the electricity used in our Western Australian Iron Ore (WAIO) port facilities by the end of the 2024 calendar year.

Following the announcement the company?s share price fell 1.223%.